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Hormel Foods Corporation (HRL)


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Hormel Foods Corporation

1 Hormel Place
Austin, MN 55912
United States
507-437-5611
http://www.hormelfoods.com

SectorConsumer Goods
IndustryMeat Products
Full Time Employees19,300

Key Executives

NameTitlePayExercisedAge
Mr. James P. SneeChief Exec. Officer, Pres and Director2.22MN/A50
Mr. Steven G. BinderExec. VP and Pres of Hormel Bus. Unit2.61M2.49M60
Mr. Glenn R. LeitchGroup VP and Pres of Jennie-O Turkey Store1.61M468.77k57
Mr. James N. SheehanChief Financial Officer and Sr. VPN/AN/A62
Ms. Lori J. MarcoSr. VP of External Affairs and Gen. CounselN/AN/A50
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Hormel Foods Corporation produces and markets various meat and food products worldwide. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It provides various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products comprising canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, flour and corn tortillas, salsas, tortilla chips, peanut butter, and other products. The company also offers poultry products, such as turkey products; and nutritional food products and supplements, sugar and sugar substitutes, dessert and drink mixes, and industrial gelatin products. It sells its products through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

Corporate Governance

Hormel Foods Corporation’s ISS Governance QualityScore as of May 1, 2017 is 8. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 6; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.